BNP Paribas Arbitrage SA Has $268,000 Holdings in Fiesta Restaurant Group Inc (FRGI)
BNP Paribas Arbitrage SA raised its position in shares of Fiesta Restaurant Group Inc (NASDAQ:FRGI) by 37.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,096 shares of the restaurant operator’s stock after purchasing an additional 3,871 shares during the quarter. BNP Paribas Arbitrage SA owned 0.05% of Fiesta Restaurant Group worth $268,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Prudential Financial Inc. boosted its holdings in shares of Fiesta Restaurant Group by 6.0% during the 3rd quarter. Prudential Financial Inc. now owns 335,092 shares of the restaurant operator’s stock valued at $6,367,000 after acquiring an additional 19,060 shares during the last quarter. First Manhattan Co. purchased a new stake in shares of Fiesta Restaurant Group during the 3rd quarter valued at about $1,837,000. Nationwide Fund Advisors boosted its holdings in shares of Fiesta Restaurant Group by 28.7% during the 3rd quarter. Nationwide Fund Advisors now owns 22,243 shares of the restaurant operator’s stock valued at $423,000 after acquiring an additional 4,965 shares during the last quarter. Wasatch Advisors Inc. boosted its holdings in shares of Fiesta Restaurant Group by 11.5% during the 2nd quarter. Wasatch Advisors Inc. now owns 3,572,879 shares of the restaurant operator’s stock valued at $73,780,000 after acquiring an additional 368,346 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Fiesta Restaurant Group by 29.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 88,090 shares of the restaurant operator’s stock valued at $1,819,000 after acquiring an additional 20,148 shares during the last quarter. Institutional investors and hedge funds own 94.11% of the company’s stock.
Fiesta Restaurant Group Inc (FRGI) opened at $19.70 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.53 and a debt-to-equity ratio of 0.26. The stock has a market cap of $530.91, a P/E ratio of 22.27, a P/E/G ratio of 1.89 and a beta of 0.76. Fiesta Restaurant Group Inc has a 1-year low of $15.50 and a 1-year high of $30.65.
Fiesta Restaurant Group (NASDAQ:FRGI) last posted its quarterly earnings data on Monday, November 6th. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.19). The business had revenue of $158.70 million during the quarter, compared to analysts’ expectations of $162.05 million. Fiesta Restaurant Group had a positive return on equity of 9.49% and a negative net margin of 3.40%. The business’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS. analysts expect that Fiesta Restaurant Group Inc will post 0.74 EPS for the current year.
A number of analysts have recently issued reports on the stock. TheStreet downgraded shares of Fiesta Restaurant Group from a “c-” rating to a “d+” rating in a report on Thursday, September 7th. Wedbush reaffirmed a “buy” rating on shares of Fiesta Restaurant Group in a report on Monday, September 18th. Zacks Investment Research raised shares of Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Piper Jaffray Companies downgraded shares of Fiesta Restaurant Group from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $17.00 to $14.00 in a report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. Fiesta Restaurant Group has a consensus rating of “Hold” and an average price target of $22.60.
In other Fiesta Restaurant Group news, insider Charles Locke acquired 1,565 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were bought at an average price of $18.73 per share, with a total value of $29,312.45. Following the completion of the acquisition, the insider now owns 1,565 shares in the company, valued at approximately $29,312.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.20% of the company’s stock.
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Fiesta Restaurant Group Profile
Fiesta Restaurant Group, Inc owns, operates and franchises two fast-casual restaurant brands, Pollo Tropical and Taco Cabana through its subsidiaries Pollo Operations, Inc, and its subsidiaries, and Pollo Franchise, Inc, (collectively Pollo Tropical) and Taco Cabana, Inc and its subsidiaries (collectively Taco Cabana).
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